FCS 1.5: folders within folders

Anyone play with this yet?

So far I'm not too impressed. I'm actually thinking I must be doing something wrong, because the result of folder in folder hierarchy in the productions seems kinda pointless.

Right now, I have a production called TOYOTA COMMERCIAL and within that production I have 100's of VO's, GFX and MOV files. Ideally, I'd like to clean it up and create three folders...MOVS, GFX & VO's. It allows me to create folders, but when I drag the files to them, it doesn't move the original representation, but rather creates a second representation inside that folder. So NOW, when I open up the original TOYOTA production, I still have hundreds of assets littering the place up as well as "copies" of them within the respective folders. Am I missing something? What's the point??

I'd love to hear from someone else using 1.5.